Business Issues/Benchmarks: Page 399

Mile High Labs Raises $65MM to Purchase Mountains of Hemp

The non-dilutive financing from MGG Capital is among the largest private debt deals in cannabis market history.

Aleafia Health Opens the Market

The company opened the market at the Toronto Stock Exchange in recognition of it successfully graduating to the TSX.

Colorado Issues Health and Safety Advisory Regarding Mile High Medical, LLC

Potentially unsafe pesticide residues were identified on the company's medical and retail marijuana plant material and products.

Nevada Is Under Pressure to Reveal How It Awards Its Marijuana Licenses

Several companies have sued the state tax department, arguing that no one knows for sure the criteria officials use to award new licenses.

SAFE Banking Act Reintroduced in U.S. Senate

The legislation would protect financial institutions that work with state-legal cannabis businesses from federal prosecution.

‘I, Too, Share Your Concern’: Treasury Secretary Urges Bipartisan Banking Fix for Cannabis Industry

In comments on banking, Steve Mnuchin avoided advocating for federal legalization of cannabis.

Harvest Health & Recreation Acquires CannaPharmacy, But Pennsylvania Isn’t So Sure

The Pennsylvania Department of Health fires back at an acquisition deal announced on its turf and questions Harvest’s state holdings.

Constellation Brands Executive Marty Birkel Joins Cannabiniers' Board of Advisors

The former president of Ballast Point Brewery takes a position with the emerging cannabis company.

Cresco Labs’ Major Acquisition Continues M&A Trend in 2019

The Chicago-based company acquired California-based Origin House in a C$1.1-billion deal.

CVS and Walgreens Plan to Carry CBD Products: What’s Next for the Rapidly Growing Market?

As chain retailers start selling CBD-infused topicals, small businesses must find their niche and continue educating consumers.

Quantum Capital, Inc. Signs LOI to Acquire Hemp Kings, Corp.

Upon completing the transaction, Quantum will assist Hemp Kings, Corp. in creating a network of branded cannabis products.

Harvest Health & Recreation Announces Private Placement of US$500 Million of Convertible Debentures

The funding will fuel the company's vision to become one of the most valuable cannabis companies in the world.

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